The Founders News
Business News

Adani Group Payment Lags Behind Peers

The Adani Group, one of India’s largest conglomerates, has come under scrutiny for its relatively low contribution to the government’s coffers in FY24. Reports suggest that the group’s payments to the government reached only Rs 9 crore, which falls short of what was expected given its rapid expansion across various sectors like infrastructure, energy, and ports. This has raised questions about the group’s tax liabilities and its overall financial health. Industry experts are watching the situation closely, as any further developments could impact investor sentiment towards the Adani Group companies.

Related posts

Asia’s Fuel Subsidies Decline Amid Budget Constraints

The Founders News

Ulta Beauty Shares Surge After Beating Expectations and Raising Full-Year Outlook

The Founders News

UK Cancels Major AI Infrastructure Projects

The Founders News

HUL Approves Demerger of Ice-Cream Business into Independent Listed Entity

The Founders News

Boeing and Intel’s Crises: A National Imperative for America’s Strength

The Founders News

Ratan Tata’s Timeless Impact: The Visionary Who Turned Tata Group into a Global Powerhouse

The Founders News